If you account 5% for maintenance costs, 3% for platform booking fees, 2000-3000 per year in utilities (will be more if on a heating oil furnace), I calculate an operating profit of $15-20k before taxes.

How do oil wells investing work?

Evolve and similar are snake oil.

Yes - from time to time one of my tenants will do something boneheaded to damage a property that causes me to roll my eyes but the majority of them keep it to a minimum and move-out damage is minimal (typical things like wall damage - mainly nails and screws) or scratched wall and/or baseboard paint/oil on the wall near the stove.'

A few options:1st - there is a 25k limit if you fall under a certain income level.2nd - The STR Loophole 3rd - REPs4th - Look into alternative investments like Opportunity Zones and/or Oil and Gas Partnerships. 

I'm under contract for a house in a great area, but I'm worried about the potential for an underground oil tank.

There was another one in JC which was a 3 3x1, but only had one oil furnace and the owner pays all utilities and is asking 800k.

Houston and Dallas are more effected by oil than Austin and right now oil is a problem. 

Anybody tells you anything else is selling snake oil.

They purchase mineral rights and oil fields.